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Please note that this Webcast will be presented in Japanese only.
This 90-minute Japanese Language Webcast by KPMG LLP explores the new revenue recognition standard issued by the FASB in May 2014 ("Revenue from contracts with customers") as a result of a joint project with the IASB. The new standard provides a framework that replaces existing revenue recognition guidance in U.S. GAAP and moves away from the industry- and transaction-specific requirements under US GAAP.
This Webcast highlights the five-step revenue recognition model prescribed by the new standard and explain potential changes to current practices in various industries. The webcast will focus on several industries which are considered more relevant to Japanese-owned companies in the United States.